Trading by Influence

[Rockson1]

Influence has a major role to play in the market and we should not be ignorant of that. The big influencers continue to lure newbies and traders that don't know their right from their left to learning trading with the wrong motive of making so much profits from the market. We don't need to be fooled by this method of showing people screenshots of high trading winnings that could be fake or manipulated to make people register on exchanges that are mostly unknown so they can earn from referral bonuses.
People keep talking victim to this pattern of psychological brainwashing and it has been so effective.

Newbies are always the target in thing like this, is just like those guys that talk about joining their signal channels, OGs don't fall for those things because they understand how things are been done but newbies that got it wrong will fall for it because they have the deceitful mindset that they are going to hit it big, they are their that will call the cryptocurrency space a scam, they will genaralize it not knowing that the decision they took was the reason for the trap they went into, I wish most newbies come acrossn some post here so so as to learn from them.

[Wakate]

Influence has a major role to play in the market and we should not be ignorant of that. The big influencers continue to lure newbies and traders that don't know their right from their left to learning trading with the wrong motive of making so much profits from the market. We don't need to be fooled by this method of showing people screenshots of high trading winnings that could be fake or manipulated to make people register on exchanges that are mostly unknown so they can earn from referral bonuses.
People keep talking victim to this pattern of psychological brainwashing and it has been so effective.

Newbies are always the target in thing like this, is just like those guys that talk about joining their signal channels, OGs don't fall for those things because they understand how things are been done but newbies that got it wrong will fall for it because they have the deceitful mindset that they are going to hit it big, they are their that will call the cryptocurrency space a scam, they will genaralize it not knowing that the decision they took was the reason for the trap they went into, I wish most newbies come acrossn some post here so so as to learn from them.

Anyone that falls for such kind of cheap promotion would see themselves in soup when their eyes get cleared.
There is no joy in the crypto market and everyone is looking for a quick way to make money from trading without minding if others are going to lose at the end of the day. Trading is not for everybody and those that don't have the mindset and strong decision making could learn trading with a high hope if making massive profit but end up not making profits from the market based on the huge results they had been seeing from their mentor traders. Truth is bitter and lies are sweet!

[Mame89]

I think everyone with what they believe about trading. How can someone says that quality education doesn't guaranteed profits in trading and if that doesn't work else? Even though watching videos that same video is something that is passing knowledge to the viewer and if the knowledge or strategies is helpful enough they can possibly implement it on their own trading moment to help secure profits. Be it research and knowledge or watching videos they all boils down to education as it what guides a trader to make profits during trading.

Educating yourself will always have it's benefits therefore we shouldn't believe anything that anybody else is saying. Educating yourself in trading will always benefit you because there's always going to be a difference between a trader that's educated and that trader that isn't educated just as how having experience is also important for all traders because the experience has the things that it does for you that someone without experience won't be having. As a trader always increase your education and experience but don't do it at the expense of you losing your money in a large amount. Do it with minimum amount of money that won't trouble you if lost.

Yes, educating yourself and continually improving your trading knowledge is essential for success. But in this process, we also need to learn from others. Learning from others doesn't mean being influenced by them. We must maintain our own principles in trading. By this, I mean frequently watching other people's videos or learning from other people's articles to expand our trading knowledge. Admittedly, sometimes learning on your own can be slow.

With the knowledge gained from others, we can consolidate everything we know. Essentially, trading isn't a quick process; everything takes time, and experience is the best teacher for minimizing mistakes. Yes, it's best to start with a small amount of capital to avoid the shock of experiencing significant losses.

[Lida93]

....not just about being relaxed, but having sufficient knowledge to build a strategy that will help you build confidence as a trader. Any person who calls himself a trader and rides just with testimonies he sees online and calls that influence, is not really a serious trader,  but a very greedy fellow.

I can still remember years back even before I got involved in crypto, a friend talked to me about trading and how I can actually trade perfectly with trading signals. It sounded good but I lacked confidence and motivation to start something i have no foundation in. Many people are like this; started trading with just little knowledge.

To the best of my knowledge, trading base on the influence of others is not a good way to trade and should not be encouraged.

Greed could be so blinding you know. It blinds people's mind from thinking in a rational way and asking the right questions from what they see or are told. Trading by influence is not actual trading but gambling with ones own funds because you have no clue of what you're even doing but just that you were told to do it this way and it will work. Trading knowledge is unlimited and can't be gotten to a deep level through a few days of listening to some YouTube videos from some influencers, it's a gradual process of a building foundation of knowledge that follows with personal experience with the market. Newbies don't know any of this.

[Rockson1]

Anyone that falls for such kind of cheap promotion would see themselves in soup when their eyes get cleared.
There is no joy in the crypto market and everyone is looking for a quick way to make money from trading without minding if others are going to lose at the end of the day. Trading is not for everybody and those that don't have the mindset and strong decision making could learn trading with a high hope if making massive profit but end up not making profits from the market based on the huge results they had been seeing from their mentor traders. Truth is bitter and lies are sweet!

Some people fall for it because of lack of understanding, some new investors are likely the victims to this and generally the greed ones that came into cryptocurrency just because of they were misinformed or uniformed about the process and the way things are, well understood dud, trading is not for all thats what some people never give in to, they don't want to hear that, the only want to hear and see positive things but never want to accept realities as they are, just like like bitcoin investment, it might be available for everyone but not a must that everyone must investment, is just the smart people that knows how investing in bitcoin for a long-term can add to the value of their money in the future.

[As-Soon-As]

I had to learn from my own experience and I don't think I could possibly get carried away or get influenced with what people because they would always declare the half side of the picture.
It's always better to DYOR.

You should never enter trading blindly, if you trade blindly then you will face the most losses. And if you face losses in a new situation then you should not be more aggressive, because enter trading with as much as you can afford to lose. Think that the market does not always move in the same way. And you should also remember that you should never think that after going to red long, a green candle will come, whenever you guess like a newbie, your chances of losing will immediately increase. So you have to pay more attention to trading and market research if you want to win in trading.

[WatChe]

Newbies are always the target in thing like this, is just like those guys that talk about joining their signal channels, OGs don't fall for those things because they understand how things are been done but newbies that got it wrong will fall for it because they have the deceitful mindset that they are going to hit it big, they are their that will call the cryptocurrency space a scam, they will genaralize it not knowing that the decision they took was the reason for the trap they went into, I wish most newbies come acrossn some post here so so as to learn from them.

It's a logical thing that if someone had ideas that can make somebody rich then he won't be selling those ideas on 30$ per week subscription rather he will follow those ideas to become rich. That's the trap of signalling group i.e. they ask you to join their groups to become overnight rich. There is no easy money in this world, we have to work hard to earn it. It's best to use our own mind to make decisions because even wrong decisions can help our mind in making better decision next time.     

[Floxynice]

....not just about being relaxed, but having sufficient knowledge to build a strategy that will help you build confidence as a trader. Any person who calls himself a trader and rides just with testimonies he sees online and calls that influence, is not really a serious trader,  but a very greedy fellow.

I can still remember years back even before I got involved in crypto, a friend talked to me about trading and how I can actually trade perfectly with trading signals. It sounded good but I lacked confidence and motivation to start something i have no foundation in. Many people are like this; started trading with just little knowledge.

To the best of my knowledge, trading base on the influence of others is not a good way to trade and should not be encouraged.

Greed could be so blinding you know. It blinds people's mind from thinking in a rational way and asking the right questions from what they see or are told. Trading by influence is not actual trading but gambling with ones own funds because you have no clue of what you're even doing but just that you were told to do it this way and it will work. Trading knowledge is unlimited and can't be gotten to a deep level through a few days of listening to some YouTube videos from some influencers, it's a gradual process of a building foundation of knowledge that follows with personal experience with the market. Newbies don't know any of this.

I never mentioned that my boyfriend lost a huge amount of money sometime around 2019/2020 from using trading bots for his trades. I had this phobia for trading and crypto in general. The loss was indeed massive, so you can understand why I never wanted to associate with crypto until earlier last year when I began to pick interest in crypto again and learnt about crypto from the scratch, including trading.

Trading is very risky; if you don't have the knowledge, skill and the heart to persevere even with the numerous losses, don't try to trade. If you must trade, come prepared.